patrick.net

 
  forgot password?   register

#housing #investing #politics more»
735,636 comments in 75,675 posts by 10,907 registered users, 1 online now: Fucking White Male

new post

Should the government back new subprime mortgages?

By golfplan18   2013 Feb 5, 11:13pm   607 views   3 comments   watch (0)   quote      

http://ochousingnews.com/news/should-the-government-back-new-subprime-mortgages?source=Patrick.net

The government needs to get out of housing finance. The losses at the GSEs apporach $150 billion, and the FHA needs its own bailout. These are losses all of us who didn’t participate in the madness get to pay. And as long as the government continues to back 90% or more of loans for residential real estate, the very real possibility of another even larger bailout looms. Given these realities, government policy makers have been and should be focused on reducing the government’s exposure and minimizing taxpayer bailout dollars.

#housing

Comments 1-3 of 3     Last »

1   zzyzzx   569/569 = 100% civil   2013 Feb 5, 11:37pm  ↑ like (2)   ↓ dislike   quote    

Should the government back new subprime mortgages?

No! Duh.

2   BobMSN     2013 Feb 6, 3:02am  ↑ like   ↓ dislike   quote    

Government should clean its ass and hands before touching anything.

3   bmwman91     2013 Feb 6, 3:28am  ↑ like   ↓ dislike   quote    

THE SPICE MUST FLOW!

Comments 1-3 of 3     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home